Modeling Automation
Modeling automation as factor-augmenting technological change has unappealing implications. Instead, modeling it as the process of machines replacing tasks previously performed by labor is both descriptively realistic and leads to distinct and plausible predictions. In contrast to factor-augmenting...
Main Authors: | Acemoglu, K. Daron, Restrepo, Pascual |
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Other Authors: | Massachusetts Institute of Technology. Department of Economics |
Format: | Article |
Language: | English |
Published: |
American Economic Association
2020
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Online Access: | https://hdl.handle.net/1721.1/125740 |
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